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I've been trading JNUG, JDST since nearly inception, & I've been trading NUGT & DUST a long time. The recent move up today and the last week has surprised the heck out of me
Apparently a "Data Feed" issue at stockcharts.com today
The chart is not updated for June 10, not showing ELRA today on the Stockcharts.com that you have listed. Is it having an error today I wonder?
That's how it is done in mining. Developing a mine takes years of time & lots of $$$$$ Capital which usually includes a lot of long term share holder dilution until a company can develop assets & also be profitable
Think short term when buying/trading this. If you worry about years away such as 2019+, then you will miss an opportunity. They're doing financing, so they're going to be fine for short-medium term. Take advantage of the plunge as a result of the dilutive financing, then buy. I'm certainly not interested in this stock based on what it may be doing in more than 1 year out. Just look for some good short term trade swings.
Congrats on having a stop set & not being too greedy in this environment.
Maybe we'll see a pull back for entry(again)soon
The JNUG/JDST are great day trading plays. They usually have nice fluctuations upward after a couple days of intense selling, like which we've seen 2x in the last 2 weeks with JNUG going from 13 to 16 two times. But in terms of trend I think there is still risk of a pull back yet in June. And I'm also excited at the idea of buying JNUG near 12 or less, if it happens. Today is a crossroads for determination yet and soon we'll see if it pulls back or proves itself as having bottomed in 13 area already.
Crossing the 7, 10, 20 DMAs is not big deal. JNUG does it all the time. It could still fail near these levels & pull back again.
Yeah, thanks... Dually noted now as I had posted also a little earlier, too.
Ok, I see this is one news item that shows the developing dilution causing the pps drop recently.
And naturally I will be looking to buy some QRM after the stock capitulates from this news being priced in. Seeking short term swing trade as usual.
You got a web link to any news or filing on dilution?? The buzz is that they did a financing, dilution, but hard to find info so far today. It is trading lately like it is doing that. I would like to buy some up after it settles down from this. i think .32 or .20's if happens could be great buy for short term swing trade.
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Stand
6-Jun-2014
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On June 3, 2014, Baxano Surgical, Inc. (the "Company") received a notification letter from The NASDAQ OMX Group ("NASDAQ") indicating that the bid price of the Company's common stock for the last 30 consecutive business days had closed below the minimum $1.00 per share required for continued listing under NASDAQ Listing Rule 5450(a)(1). The notification letter has no effect on the listing of the Company's common stock at this time, which will continue to trade on the NASDAQ Global Market under the symbol "BAXS".
The Company has been provided a period of 180 calendar days, or until December 1, 2014, to regain compliance. The letter states that the NASDAQ staff will provide written notification that the Company has regained compliance if at any time before December 1, 2014, the bid price of the Company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days. In the event the Company does not regain compliance within the 180-day grace period, the Company may be eligible for additional time if it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards, with the exception of the bid price requirement, and provides written notice to NASDAQ of its intent to cure the deficiency by effecting a reverse stock split, if necessary. If the Company is able to meet these requirements, the NASDAQ staff will inform the Company that it has been granted an additional 180 calendar days. If the Company fails to regain compliance after the second 180-day grace period, the Company's common stock will be subject to delisting by NASDAQ.
The Company intends to actively monitor the bid price for its common stock and will consider available options to resolve the deficiency and regain compliance with the NASDAQ minimum bid price requirement.
http://biz.yahoo.com/e/140606/baxs8-k.html
The NASDAQ warning has not officially come out yet. But it surpassed 30 days under 1.00 a few days ago, so it is due out anytime. But it will get the standard 180 days (6 months) of probation (and can get yet again another 6 months probation after that as a standard 2nd period), so no worry if you seek to trade this for a short term swing in next few months. Look to buy on weakness surrounding this news.
All the analysts who cover this stock with $2-4 price targets are thinking further out, so don't follow them regarding short term fluctuations. It is encouraging that BAXS gets such coverage, but their coverage does not mean it can't drop to new lows for a while yet in the interim.
(And don't pay any heed to that alias called baxs, he clearly is not in correct mental state & he makes conflicting posts every other day as he changes his mind on buy or sell. Don't trust or follow a person like that)
with the dollar strengthening & the economic data coming out, I find it odd that gold has held so far at its current levels. But it still wouldn't surprise me if we get another leg downward yet in June (especially given these circumstances countering gold)
But gold needs to break its recent 1240 support if JNUG is to get anywhere near 12 or less
That has been approx my thinking, too.
Hope it saw bottom for you(all) recently @.015.
Yes, understood & good you can do that. But if a person here sometimes speaks a view that is not among the mainstream here (who like to be bullish the stock), then a conflict occurs by others attacking a guy. You are in the convenient position of having a view here that goes with mainstream, so your conflict is reduced. I personally do not seek out conflict, but it comes at me at times anyhow & is tough to avoid a conflict. I know sometimes I can be opinionated or harsh, but usually I've always tried to be objective on ELRA or on any stock... And when ever I've provided my opinions, speculations on stock direction, along with trades, my efforts have been helpful to those who've listened. But there are many here who easily fight with me & sometimes twist facts in order to defame me, & it happens because I'm a target. Anyone here who does not speak overly positive about this stock gets attacked, and whether or not me or anyone is right, the majority here who are bullish of ELRA attack anyhow.
Anyhow, good luck on your stock. Possibly for the short term we saw bottom around .015 (so far today it seems).
baxs = makingbiigdough = same alias?? Sure seems like the same person
Keep up the derogatory name calling, & you'll be banned from this board.
Congrats today (so far) to longs
I haven't decided yet. (and maybe I was wrong to sell in terms of a higher trend later, but I was happy to take a good profit).
I was looking for low .20's possibly.
what does PAL proxy say??
Post #26350, May 30 i said:
"In terms of a short term spec trade, .01's probably would be good area to buy".
This post is for Liodog
I don't have recollection that you did say it would bottom at .015 or near .02. Are you taunting me??? I was the one a while ago calling for .02 area or less on ELRA, and last week I said after it hit my .02 speculation, that I saw further risk toward .01 area.
I've been right about this stock, so I fail to see the point of your message to me. I also admitted a few days ago that it may be closer to buy range.
***Liodog, a few days ago you said you it would not likely hit .01's after I posted about that idea, so now you are acting like you are the one who has predicted this stock rightly?? I'm nto gonna alow you to re-write history. Look at posts between me & you over past week & get facts straight
AMEX-NYSE does not have the 1.00 minimum bid rule. They have less strict rules, such as Market Cap requirements, which tend to be most common of the AMEX-NYSE warnings.
no regret I sold on last 'pop'.
And I might still re-enter at some point
you sure are a relentless, desperate pumper
Sticking to my premise on JNUG. waiting yet for more weakness. I don;t think it is ready to trend up yet. Could see 12's or less yet. i suspect I'll find out if I'm right within next 1-2 weeks.
hit .55 so far this morning!! Like I said, low .50 area could be likely.
Your posts are "CIRCUS" like. No one takes you seriously
If Nasdaq warning due out anytime gets factored in, then .58 area might be bottom, but I would be prepared for as low as .50 on this. With that said it is nearing bottom and very oversold territory.
Well, that's amazing (to agree)
Realistically, the odds this thing moves similarly to your so called claim of another stock hitting "2.78" is lottery odds & thus highly unlikely & is contrary to my post that was emphasizing a realist trading strategy. But if you want to have a lotto gambler mentality, then i'll indulge you & play along some & cheer you on for 'luck' I suppose going forward from hereon. I just wanted people to realize that this thing has had low float before & many penny stocks have had low floats, but very very few ever move up 10,000% or 1000% or whatever you want to dream of. Being practical & realistic is necessary if you want to be a consistent trader. Gambling & counting on lotto odds is a poor strategy. It can happen on rare occasions, but it should not be expected.
And low float stocks (temporarily low float for a period of time) like ELRA continuously print new shares, so the 'low float' argument is a weak one f it is not a low float for a sustainable period of time. A major reason this thing has hit new lows again is due to this very fact. The # of outstanding shares has already substantially increased in % terms & will of course continue.
"500%" as you noted earlier is somewhat realistic in my view, but you should not expect it for trading strategy (but celebrate if it does happen sometimes). This thing needs a major news hype or promotion to expect anything beyond 400-500%.
"Good Luck"
If you think so, then fine. But it would need some major PR hype.
Yeah, try to keep it realistic. After trying to avg down at these levels you should be seeking to get out on next 'eventual' pop upward in short term. Maybe there will be a promotion, pump or some type of news hype eventually that could push it back to .10+, but I would not count on that as a scenario, which is small in chance. But if you can get .04-.06+, etc on some volatility, realistically you could make good out of this junk after a major avg down to .01-.02.
And at the rate it is going, it might see subpenny, but hopefully not in short term before you or anyone could be able to have an exit opportunity on some upward volatility.
Respectfully, you must realize that you can't fairly compare early May 2014 move from .03 to .18 in regards to today's RSI & pps action. Because the factors were different as it was freshly going thru start of reverse split phase & the bid/ask spread was huge. You should go back further into history for more comparisons in all fairness, which there are a couple.
.01's we are at!! Hello, reality!! .01's I pointed out a while back as a new likely risk after my .02's speculation was achieved. Now finally, is it a buy point (for short term trade)???? Question yet to be determined.
You keep saying it is done going down, and you've been wrong all this time. You are just a blatant pumper
I said "Wait"!!! Buy on next dip for BAXS. I said this drop developing now likely to happen & that .65 was not bottom. Too bad more didn't listen to me. (was not a lucky guess)